Car Park Investment - Is it a Scam?
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I hope I have explained it well - have I been a fool to invest in a parking space? It looks to me like it does not offer any return.
If they're offering most of your money back now then grab it as fast as you can. If you search up Store First which was another of their investments then many people have now got worthless assets that they can't sell and some have put their entire pension pots into them.
This isn't a regulated investment and you are probably lucky that they're still in the sales part of the cycle so won't want any negative publicity about not getting your money back.
http://damn-lies-and-statistics.blogspot.com/2015/11/store-first-storage-pods-scam-complaints.html
http://damn-lies-and-statistics.blogspot.co.uk/2015/11/airport-parking-pension-investment-scam.htmlRemember the saying: if it looks too good to be true it almost certainly is.0 -
Am I alone in finding it shocking that someone would set up such a scheme?0
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BananaRepublic wrote: »Am I alone in finding it shocking that someone would set up such a scheme?
The only reason stocks/shares work is because they are liquid and there are market makers who 'make' the market.
(I know you know this stuff but...)
A colleague of mine was always being called by a organisation and he wanted to invest in carbon credits. The offer / return potential sounded fine but I asked him...who makes the market, on what markets could he sell his investment and of course it was via the company selling him the carbon credit options. A bit off topic but if you have a property and it was valued at £500k but there was only one interested party offering £100k, then guess what...it is only worth £100k.Personal Responsibility - Sad but True
Sometimes.... I am like a dog with a bone0 -
BananaRepublic wrote: »Am I alone in finding it shocking that someone would set up such a scheme?
The world has never been any different. Open a pot of jam and people fall over themselves in their haste to invest. That's human nature. Greed overcomes common sense.0 -
BananaRepublic wrote: »Am I alone in finding it shocking that someone would set up such a scheme?
I haven't been on MSE long, but the number of threads on unregulated investment schemes astounds me. Just reading a few of those should open anyone's eyes to what they are letting themselves in for.0 -
Hey guys - thanks so much for all the responses and the advice. I called them today to initiate the buy back - lesson learnt.0
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Hey guys - thanks so much for all the responses and the advice. I called them today to initiate the buy back - lesson learnt.
She offered her honour, he honoured her offer and all through the night he was honour and offer. (You have to hay it out loud.)0 -
She offered her honour, he honoured her offer and all through the night he was honour and offer. (You have to hay it out loud.)Retired at age 56 after having "light bulb moment" due to reading MSE and its forums. Have been converted to the "budget to zero" concept and use YNAB for all monthly budgeting and long term goals.0
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Thrugelmir wrote: »The world has never been any different. Open a pot of jam and people fall over themselves in their haste to invest. That's human nature. Greed overcomes common sense.
You've completely missed the point. I was referring to the scheme creators not the investors. Sadly the world is full of people who set out to enrich themselves at the expense of others.0
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